Intragastric Balloons Market to grow at a Significant Rate During the Forecast Period
Increasing cases of obesity are anticipated to support the growth of the global intragastric balloons market positively.
According to TechSci Research report, “Global Intragastric Balloons Market By Administration (Pill Form v/s Endoscopy), By Balloon Type (Single, Dual, Triple), By Filling Type (Saline Filled v/s Gas Filled), By Application (Obesity, Diabetes, Diet Control, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, the global intragastric balloon is expected to grow at a promising rate during the forecast period. The market is anticipated to show growth at an impressive CAGR in the upcoming years, 2022-2026, on the account of technological advancements in the intragastric balloons. Moreover, the intragastric balloons are also being implanted to reduce the unwanted gastric erosion, ulceration and vomiting, which will support the growth of the global intragastric balloon market, positively.
Due to the onset of COVID-19 and imposition of complete lockdown to mitigate coronavirus, there has been shutdown of many manufacturing units and disruption in the supply chain resulting in interrupted production and lesser supply of the intragastric balloons all around the globe. Also, the economy has been adversely affected in many countries resulting in the hinderance to the growth of the global intragastric balloon market. However, after relief from lockdown, the market is again expected to pick up pace to grow significantly.
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The global intragastric balloon market is segmented by administration, balloon type, filling type, application, end user, and regional distribution. Based on balloon type, the market is further fragmented into single, dual, and triple. Single balloons are dominating the market on account of their feasibility towards the treatment. Based on filling type, the market is categorized into saline filled v/s gas filled. Saline filled intragastric balloons are dominating the previous market and are expected to keep dominating the market in the forecast period as well owing to the effectiveness of the material. This type of balloon is recorded to be more effective as compared to gas filled balloons.
Some of the major competitors in the market are Apollo Endosurgery, Inc., Obalon Therapeutics, Inc., Allurion Technologies, Inc., Spatz3 FGIA Inc., ReShape Lifesciences Inc, Silimed Inc., Districlass Medical SA, Helioscopie Medical Implants, Allergan Inc., and Tulip Medical, among others. The companies are focusing on extensive research and development activities to stay competitive in the market. Other competitive strategies include formation of alliances and partnerships.
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“Regionally, North America accounted for the largest share in the global intragastric balloon market in 2020 due to large base of obese population and increased adoption of sedentary lifestyle in the countries like United States and Canada. Moreover, presence of well established healthcare infrastructure is expected to positively influence the growth of intragastric balloons market in the country.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Intragastric Balloons Market By Administration (Pill Form v/s Endoscopy), By Balloon Type (Single, Dual, Triple), By Filling Type (Saline Filled v/s Gas Filled), By Application (Obesity, Diabetes, Diet Control, Others), By End User (Hospitals & Clinics, Ambulatory Surgical Centers, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of the global intragastric balloon and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global intragastric balloon market.
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